Agreement HMM - GS Caltex for the transport of crude oil from the Middle East to South Korea

Quinquennial contract of the value of about 178 million dollars

The company of South Korean navigation Hyundai Merchant Marine (HMM) has signed an agreement in the long term with the oil company private GS Caltex South Korean for the marine transport of crude oil. The contract will have a duration five-year-old, from on July 1°, 2019 on August 31, 2024, and a value of 190 billion won (178 million dollars).

Based on the understanding the ships of the HMM will altogether transport 19 million tons of crude oil from the Middle East to South Korea. For such activity the navigation company previews to employ two Raw new Very Large Carrier of the gross capacity of 300 thousand tons of which last September HMM it had already ordered the construction.